Southwest Airlines (LUV) Retained Earnings (2009 - 2026)
Southwest Airlines' (LUV) quarterly Retained Earnings came in at $16.7 billion in Q2 2026, up 2.92% on a YoY basis from $16.2 billion in Q2 2025, and up 0.88% quarter-over-quarter from $16.5 billion in Q1 2026.
Analysis
Southwest Airlines (LUV) Retained Earnings (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Retained Earnings for 18 consecutive years, with $16.7 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Retained Earnings rose 2.92% year-over-year to $16.7 billion; the trailing twelve-month figure through Jun 2026 stood at $16.7 billion (up 2.92% YoY), and the FY2025 full-year result was $16.4 billion, changed 0.34% from the prior year.
- Retained Earnings advanced to $16.7 billion in Q2 2026 per LUV's latest filing, from $16.5 billion in the prior quarter.
- Across five years, Retained Earnings topped out at $16.7 billion in Q2 2026 and bottomed at $15.6 billion in Q1 2022.
- Historically, Retained Earnings has averaged $16.3 billion across 5 years, with a median of $16.3 billion in 2022.
- The sharpest annual moves came in 2022 and 2024: Retained Earnings gained 6.89% in 2022, then dropped 2.88% in 2024.
- Over 5 years, Retained Earnings stood at $16.3 billion in 2022, then increased by 0.22% to $16.3 billion in 2023, then climbed by 0.21% to $16.3 billion in 2024, then gained by 0.34% to $16.4 billion in 2025, then advanced by 1.73% to $16.7 billion in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered $16.7 billion, $16.5 billion, and $16.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn | 14.27 Bn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - | 8.31 Bn |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn | 16.67 Bn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn | 2.70 Bn |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn | 4.76 Bn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn | 3.22 Bn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - | - |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | 1.46 Bn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn | 151.00 Mn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - | 444.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.67 Bn |
| Mar 31, 2026 | 16.53 Bn |
| Dec 31, 2025 | 16.39 Bn |
| Sep 30, 2025 | 16.16 Bn |
| Jun 30, 2025 | 16.20 Bn |
| Mar 31, 2025 | 16.08 Bn |
| Dec 31, 2024 | 16.33 Bn |
| Sep 30, 2024 | 16.18 Bn |
| Jun 30, 2024 | 16.22 Bn |
| Mar 31, 2024 | 15.96 Bn |
| Dec 31, 2023 | 16.30 Bn |
| Sep 30, 2023 | 16.66 Bn |
| Jun 30, 2023 | 16.57 Bn |
| Mar 31, 2023 | 16.00 Bn |
| Dec 31, 2022 | 16.26 Bn |
| Sep 30, 2022 | 16.59 Bn |
| Jun 30, 2022 | 16.31 Bn |
| Mar 31, 2022 | 15.55 Bn |
| Dec 31, 2021 | 15.77 Bn |
| Sep 30, 2021 | 15.71 Bn |